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NI Economy: Business activity falls for first time in months

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The Ulster Bank survey found the decrease was caused by weak demand and the impact of inflation.

By Clodagh RiceBusiness activity in Northern Ireland's private sector fell for the first time in six months in July, according to a survey by Ulster Bank.

New orders fell across all four sectors of the economy, with the biggest declines in construction and retail.How much are prices rising for you? Try our calculator "The near-term outlook is for a further softening in demand with new orders declining for the second month running." "Business conditions may have taken a turn for the worse in July but sentiment amongst local firms for the year ahead has actually picked up.

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